Clause 6
Examination of persons suspected of transacting chit fund business
BillNot in forceProvision 11 of 63
Clause 6
Whenever the Commissioner has reason to believe that a person is transacting chit fund business without a licence, he shall have the power to examine the books, accounts and records of such person in order to ascertain whether or not such person has violated or is violating any provisions of this Act, and any refusal to submit such books, accounts and records shall be prima facie evidence of the fact of operation without a licence.